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U.S. Dollar / Swiss Franc
Short
Updated

USDCHF Daily

347
Price has pulled back to retest the previous lower timeframe structure as resistance, forming a lower high. The retest zone also aligns with a key higher timeframe zone looking left, & today the candle is closing as a Doji indecision candle at the retest zone, showing an indication that sellers may be preparing to push price down again below this key region towards the support regions below next.
Note
snapshot 4 Hour: Structure break & retest / confirmation candles
Note
snapshot First target achieved for 60 pips.
Note
snapshot Over 150 pip drop from the sell zone of interest !
Trade closed: target reached
snapshot Price approaching full Target zone for over 200 pips.
Profound_Ambition
Supply and DemandSupport and ResistanceTrend Analysis

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Supply and DemandSupport and ResistanceTrend Analysis
Profound_Ambition

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.